What is with you?
I see other posters also mentioning your ego, like you're big noting yourself about predicting a CR!
It's like you think everyone must've somehow missed quarterlies, overlooked the HY, and you're an expert for putting 2 and 2 together, that they were very neat on funds.
Mate, everyone knows the finances and knows it was touch and go, before or after news that sounds very close. All the financials should tell anyone that without a raise, Nor could get through to early/mid May.
A raise generally is done approx 6 weeks prior to fumes.
If you feel like an expert for predicting the obvious, and that helps the ego, all good!
..but I suspect you will find they've made the call to raise prior to news (Paul copping the big dilution hit at lows) rather than after news when there will be constant CR preaching from you all, when it would be severely under done, the price unable to fly.
Paul would know the pros will likely pump and dump on news, but the price can really fly now.
If we do see news very soon, as frustrated as we all are with Nor.. I think we can appreciate paul/nor making the right call overall to get a raise done prior. Think about how much dilution he cops at current prices, compared to after news, probably for an overall better result for the share price..
But we need to see news in the coming weeks, until then we remain very frustrated, even more so that the pros get anothe big stake at such a low price while we are still getting tortured for so long.
Again though, if it helps that ego that the raise came this week rather than a week or 2 later (which would be as far as I think things could be stretched, within a month of $ running out), great
The good news is, the amount raised will mean the end of the CR choir for a very long time.
Nor are secure, that will bring confidence, now all we need is the news and proper revenue to finally start flowing... then the Nor thread can once again be full of posiivity, potential and happy holders.. as hard as that is to imagine after the past year or 2.
No doubt the regular whingeing posters constantly flooding the thread with miserable dribble will suddenly be praising Paul/nor and predicting 10c with buy/held sentiments once we get to see some decent news.. and if anyone bothered to read the market update, it won't be far away.
All my opinion.
(20min delay)